Intellectual property is murder

posted by
May 11, 2011
Center for a Stateless Society
by Kevin Carson  
Posted in Commentary

"Those who claim that drug patents are necessary to recoup the expenses of developing drugs are wrong. The patent system skews R&D toward gaming the patent system rather than developing the most effective drugs. First of all, there has been a dramatic shift away from fundamentally new kinds of blockbuster drugs, because it’s much more cost-effective to put money into tweaking the formulas of drugs whose patents are about to expire .... Second, a great deal of the basic research on which drug development is based is carried out at government expense in publicly funded universities. ... Third, most of the actual R&D cost for developing drugs comes, not from testing the version of a drug actually marketed, but from securing patent lockdown on all the other major possible variants." (05/11/11)  


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